304 MEtHOD OF VALUING GROlVrNG TIMBER. 



interest of the growers of oak timber to fell it at about 

 sixty years of age, even if they replant the same grounds 

 Loss on their '^** ^^^ '*- stand tO one hundred and twenty years of age, 

 standing I2O and sell it at the present prices, their loss would exceed 

 3fears. double the whole value of the timber at sixty years of age. 



Nothing short of a sufficient price will long command a 

 sufficient supply. Owing to too low prices the quantity of 

 large timber on private estates has long been rapidly de- 

 creasing ; and it will be too late to commence offering rea- 

 sonable prices for it, when it is all gone, and no oaks left 

 of greater growth than sixty years. To have to wait their 

 growing the second sixty years may bring upon us evils 

 exceeding all calculation. 



Valuations made in October, 1807> of several Plantations in 

 Staffordshire. 



Instances of The valuations were made of the trees growing within 



prcfltonplan- ^j^^ space of a chain square, being the tenth part of an acre, 

 lationsof oak, ^ 1 ' & r > 



of the medium growth of each plantation. 



In the plantation by the mill wall there are now growing 



within twenty-two yards square, as under, viz. 



je. 5. d. £. s. d. 



70 oak trees, containing 



175 feet, at 2*. 3(i. I9 13 9 



12()aof oak bark,atl25. 7 4 



26 17 9 or, per acre, 268 17 6 



The above is part of about four acres planted in 1775, on 

 a strong loamy soli, worth about 20*. an acre. 



£. s. d. 

 One pound per ann. forborn 32 years, and im- 

 proved at 5 per cent compound Interest, would 

 amount to • •... 75 6 



But the value of the timber is more than three times this 

 amount. 



The ground was prepared for planting by ploughing. 



On 



